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The global Chatbot market size to grow from USD 2.9 billion in 2020 to USD 10.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period.
The adoption of chatbot solutions is considerable and is projected to grow at a good pace in the coming years. One of the factors contributing to the growth of the chatbot market is the advent of technologies, such as analytics, AI, and cloud, which enable various industries to organize their operations. Furthermore, the increasing customer demand for self-services is accelerating the adoption of chatbots, thus offering a competitive advantage to businesses.
Global Blockchain Supply Chain Market (2020 to 2026) - Growing Need for Automating Supply Chain Activities and Eliminating Middlemen Presents Opportunities
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Global Blockchain Supply Chain Market (2020 to 2026) - Growing Need for Automating Supply Chain Activities and Eliminating Middlemen Presents Opportunities
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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The Global Natural Language Processing (NLP) Market Size to Grow from USD 11.6 Billion in 2020 to USD 35.1 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.3% during the Forecast Period.
Growing demand for cloud-based NLP solutions to reduce overall costs and better scalability and increasing usage of smart devices to facilitate smart environments are expected to drive the NLP market growth. The rise in the adoption of NLP-based applications across verticals to enhance customer experience and increase in investments in the healthcare vertical is expected to offer opportunities for NLP vendors.
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The global MNS market size is projected to grow from USD 8.0 billion in 2020 to USD 27.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period.
MNS solutions offer the ability to designate different groups so companies can reach the right people with the right message quickly. Organizations can create a group for different shifts so if someone tests positive for COVID-19, they can alert people who may have been working the same shift. This helps alert people about potential exposure, without causing panic with those who were not working at the time. This functionality can also extend to creating groups and zones for particular areas. If only one building or floor was exposed, it might only be necessary to alert people who were in the same area.